empty
 
 
04.06.2013 11:37 AM
Elliott Wave analysis of EUR/NZD for June 4, 2013

This image is no longer relevant

Today's Support and Resistance levels:

R3: 1.6368

R2: 1.6316

R1: 1.6265

Current spot: 1.6231

S1: 1.6185

S2: 1.6123

S3: 1.6090

Technical overview:

Green wave iii ended a little earlier than we expected and green wave iv became a little deeper than expected, but that does not change the overall picture, that more upside is coming. As the target for green wave v and only blue wave iii we are looking for 1.6452 and possibly even 1.6530 before blue wave iv takes over for a minor correction. As blue wave ii was a deep and quick, we should expect blue wave iv to be shallow and it will take more time, but our main focus should be towards the upside, as we are in the middle of wave 3 and, even though, it is difficult to foretell what will hapen with corrections, they tend to be minor or even sub-normal.

Trading recommendation:

We are long EUR from 1.5790 and will keep our stop at 1.6090 for now. If you are not long EUR already, then buy near 1.6186 or upon a break above 1.6244 with the same stop.

Summary
Urgency
Analytic
Torben Melsted
Start trade
Gana con los cambios en el valor de las criptomonedas con InstaForex.
Descarga MetaTrader 4 y abre tu primera operación.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    UNIRSE AL CONCURSO
  • Depósito al azar
    ¡Haga un depósito en su cuenta de $3,000 y obtenga $6000 más!
    ¡En Diciembre, sorteamos $6000 dentro de la campaña Depósito afortunado!
    Obtenga la oportunidad de ganar depositando $3,000 en una cuenta de operaciones. Tras haber cumplido esta condición, se convertirá en un participante de la campaña.
    UNIRSE AL CONCURSO
  • Opere de forma inteligente, gane un dispositivo
    Recargue su cuenta con al menos $500, regístrese en el concurso y tenga la oportunidad de ganar dispositivos móviles.
    UNIRSE AL CONCURSO
  • 30% de bonificación
    Reciba un bono del 30% cada vez que recargue su cuenta
    OBTENER BONO

Recommended Stories

¿No puede hablar ahora mismo?
Ingrese su pregunta en el chat.
Widget callback